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Code of Conduct

RAUNAQ AUTOMOTIVE COMPONENTS LTD.
CODE  OF CONDUCT FOR BOARD MEMBERS & SENIOR MANAGEMENT


The Board of Directors & the Senior Management of Raunaq Automotive Components Limited subscribe to the following code of conduct :

All Directors, Sr. Management/Employees shall act within the bounds of the authority conferred upon them and with a duty to make and enact informed decisions and policies in the best interests of the company and its shareholders / stakeholders. 

They shall act with utmost honesty, integrity and fairness and fulfill the fiduciary obligations.

They shall not engage in any business relationship or activity, which may be in conflict of the company.

They shall report/disclose such relationships to the Board on an Annual basis.

All the Directors shall comply with all applicable laws, rules and regulations both in letter and in spirit.

All the Directors of the company shall ensure that all the information concerning the company’s business, its customers, suppliers etc. to which they have access or possesses such information shall be considered confidential.

They shall not derive any benefit or assist others to derive benefit by giving investment advice from the access to and possession of information about the company not in public domain and therefore constitutes insider information. All directors /Sr. Management/employees will comply with insider trading guidelines as issued by SEBI.

All the Directors, Sr. Management/Employees shall protect the company’s assets and information and shall not use these for personal use.

Every Directors, Sr. Management/Employees shall acknowledge and execute an understanding of the code and agreement to comply.